March 6, 2022
U.S. International Tax This Week for March 4
Ernst & Young's U.S. International Tax This Week newsletter for the week ending March 4 is now available. Prepared by Ernst & Young's International Tax Services group, this weekly update summarizes important news, cases, and other developments in international taxation.
Transparency in the sharing economy: What to know about DAC7 and beyond (March 24)
— Mar 02: Kenya High Court invalidates VAT Regulations, 2017 and declares maritime agency services provided to nonresident shippers should qualify as exported services (Tax Alert 2022-0338)
— Mar 01: Hong Kong 2022 - 23 Budget Proposal discussed (Tax Alert 2022-0344)
— Feb 25: Hong Kong announces 2022-23 budget (Tax Alert 2022-0327)
Canada & Latin America
— Mar 03: EY Canada's Tax Matters @ EY for March 2022 (Tax Alert 2022-0356)
— Mar 03: Peru's President amends Tax Code and registration process for the Tax ID Registry (Tax Alert 2022-0355)
— Feb 25: Prince Edward Island budget 2022-23 discussed (Tax Alert 2022-0329)
— Feb 25: Alberta budget 2022–23 discussed (Tax Alert 2022-0325)
— Mar 03: European Commission proposes new Directive on corporate sustainability due diligence aimed at establishing legal accountability for global value chains (Tax Alert 2022-0353)
— Mar 02: Czech Republic introduces special immigration provisions for Ukrainian nationals (Tax Alert 2022-0352)
— Mar 02: Luxembourg Tax Authority clarifies application of real estate levy including reporting requirement for all Luxembourg corporate investment vehicles (Tax Alert 2022-0348)
— Mar 01: Updates on BEPS 2.0 project from OECD Tax Talks and G20 Finance Ministers meeting (Tax Alert 2022-0341)
— Mar 02: European Parliament provides recommendations on EU Carbon Border Adjustment Mechanism (Tax Alert 2022-0340)
— Mar 02: Italian Tax Authorities issue resolution on Mandatory Disclosure Rules (Tax Alert 2022-0339)
— Feb 25: EU Member States adopt revised list of non-cooperative jurisdictions for tax purposes (Tax Alert 2022-0326)
Internal Revenue Bulletin
Ernst & Young Client Portal, the leading source for news, analysis, and reference materials for corporate tax professionals, has a variety of content of interest to international tax practitioners, including:
— EY/Passport. EY/Passport is your guide to planning ventures in the global economy, offering a wealth of tax and business knowledge on more than 150 countries.
Because the matters covered herein are complicated, U.S. International Tax This Week should not be regarded as offering a complete explanation and should not be used for making decisions. Any decision concerning matters covered herein should be reviewed with a qualified tax advisor.